Experience Stern | News & Events

Excerpt from The New York Times -- "Some argue that money in politics doesn’t matter. That’s true in the sense that when both sides spend equally, their efforts tend to be mutually offsetting. But that’s why the current opportunity is unique. Democratic donors, who have already been giving generously, have both the means and the inclination to pay for an advertising blitz that Republicans probably cannot match this time around."

Excerpt from Universities.com -- "[Our] location within New York City and our Global Network are truly the two factors that differentiate our program from that of other schools. New York City [is] a hub for marketing and advertising, and as such there is ample opportunity for students to find internships or careers."

Excerpt from AIB Insights -- "...the law of semiglobalization seems essential to the possibility of Brexit being consequential. If globalization were so weak that cross-border interactions didn’t matter much, neither would Brexit nor any other international realignment. And if globalization were so strong that the world was close to completely integrated, the adverse consequences of leaving the EU (and snapping back to WTO arrangements as a worst case scenario) would be limited as well."

Excerpt from ExecRank -- "During my career I’ve advised and reviewed more than 800 potential M&A deals and the high failure rate doesn’t surprise me. At best, one acquirer in five has a clear rationale for a transaction or truly understands that deal’s impact on their company's long-term financial future. Too often, there’s a misguided sense about why the buyer should be making acquisitions at all, and there’s far too little time spent defining how the acquisition enables them to beat competitors and increase enterprise value."

Excerpt from Risk Management Magazine -- "'Currently, there is no framework out there that helps an enterprise come up with a robotics automation strategy,' [Dhar] said. 'Most efforts are pretty ad hoc. They may focus on the wrong problem or have wrong expectations.'"

Excerpt from The Washington Post -- "While noodling through the case of the missing conservative critics, I sometimes think of sociologist Jonathan Haidt and his efforts to root out — or, at least, create awareness of — liberal bias in the social sciences. The left-right imbalance in the academy is nothing short of eye-popping."

Excerpt from Bloomberg -- "'There are people who just don’t want to hear about the possibility that they didn’t do it all themselves,' Frank says. Mild-mannered and self-effacing, he isn’t about to tell the rich 'you didn’t build that,' as Obama did (and likely regretted). Frank’s new book, Success and Luck: Good Fortune and the Myth of Meritocracy, is a study in diplomacy. Combining memoir with academic research, it’s an earnest argument that all of us—even the rich—would be better off recognizing how luck can lead to success."

Excerpt from TIME -- "I called Arun Sundararajan, an NYU business-school professor and the author of new book The Sharing Economy. 'A near perfect rating means you were consistently pleasant, civil, conversational, polite to the wide range of individuals who gave you your Uber rides,' he said, 'even when you were busy, distracted, late or stressed.'"
 

Excerpt from Institutional Investor -- "Romer is nt of the more original and wide-ranging thinkers in economics today. He came to prominence in the 1980s as a proponent of so-called Endogenous Growth Theory, which holds that economic progress depends not just on capital and labor but on the ideas and knowledge that drive technological change."
 

NYU Stern welcomes new faculty for the 2016-2017 academic year.

Excerpt from El Economista -- "In Spain, Professor Ghemawat's theory is absolutely correct, because the differences, especially legislative, existing between our regions require companies to focus their business regionally, while maintaining a national business strategy."
 

Excerpt from Foreign Policy -- "These are two big reasons — over and above all the racist rhetoric, which I’ll try not to dwell on — why Mexicans fear a Trump presidency. The irony is that these same policies would threaten two of Trump’s other campaign promises: stopping undocumented migrants from entering the United States from Mexico and getting tougher on crime."

Excerpt from Mic -- "'Addiction always reflects an underlying psychological need that isn't met,' New York University's Adam Alter, author of the forthcoming book Irresistible: the Rise of Addictive Technology and the Business of Keeping Us Hooked, told me in an email. 'For some people, that need is social validation; for others it's confirmation that they're attractive; and for others still it might be a sense of mastery over the environment when they feel helpless or powerless.'"

Excerpt from Vox -- "'It’s tough in these rural markets, because it’s not like these rural markets were really competitive to begin with before ACA,' said Michael Dickstein, an economist at New York University who has studied insurers’ participation in the health law’s rural markets."

Excerpt from the Financial Times -- "Dunning and Kruger set tests of grammar, logic and even having a sense of humour to a group of undergraduates. Then they asked them how they stacked up to others in the group. Was their grasp of logic and grammar better or worse than average? Were they better able than other students to distinguish funny from unfunny jokes?"

Excerpt from The Wall Street Journal -- "Mr. Sylla tells me there are 'precious few minus signs before any rates' in his book ['The History of Interest Rates']. The only ones he can recall were on U.S. Treasury bills around 1941, just before Pearl Harbor. But 'later research showed that anomaly might be explained by an option value embedded in bills then, so the negative yields may have been an artifact.' Mr. Sylla sums it up: 'There were no negative bond yields in 5,000 years of recorded history.'"

Excerpt from The Atlantic -- "Those critics should grapple with people who believe students are best positioned to receive an excellent education when primed to consider nothing off limits; or that learning to face wrongheaded or even hurtful ideas is, beyond academic necessities, a key life skill; or that, per Greg Lukianoff and Jonathan Haidt, campuses that police speech 'engender patterns of thought that are surprisingly similar to those long identified by cognitive behavioral therapists as causes of depression and anxiety. The new protectiveness may be teaching students to think pathologically.'"

Excerpt from MarketWatch -- "Regulation is likely to help Airbnb in the long run, as it will increase awareness of the service and likely push more people to list their homes.'As the regulatory framework gets clearer, the supply will go up and that will naturally, for some period, lower prices,' Sundararajan said. Sundararajan added that the increased supply will likely be met by increased demand, as more of the U.S. finds out about the service, meaning that it’s hard to predict the price trend over time."

Excerpt from Reuters -- "Jonathan Haidt, a social psychologist at New York University’s Stern School of Business, studies how people adopt their political beliefs. 'Trump is the first candidate to speak to—and speak for—working-class white men in a long time,' Haidt says. That separates him from the last two Republican nominees. Mitt Romney, who lost in 2012, didn’t do that, 'and John McCain didn’t particularly reach out to that constituency' in 2008."

Excerpt from Reuters -- "'My biggest concern, which I voiced at the start of the year and continue to worry about, is the sustainability of cash flows. Put bluntly, U.S. companies cannot keep returning cash at the rate at which they are today,' Aswath Damodaran, a professor of finance at New York University, writes in his blog."

Excerpt from the Financial Times -- "The big picture is that policymakers are aware we're in an era of low inflation and low growth. And that means that the neutral real interest rate, the equilibrium real interest rate, is very low. Maybe less than 1%. And that means that when we get to the next recession, it's very likely that interest rates are going to fall back to zero again in nominal terms. And they're thinking about what kinds of policies might make sense in a world like that to make monetary policy work."

Excerpt from The Economist -- "Stehlik recommends a simple exercise you can do on a regular basis to clarify your own intentions toward those around you. Draw a dial spanning from empty to full, like a fuel gauge. Write down the names of all the people in your inner circle: your direct reports, spouse, friends – even your boss. Next, evaluate where each person’s gas gauge is at. Do they seem like they’re a bit depleted? Running on empty? Now ask yourself: What can I do to bring this person’s gauge to full? The best, most effective feedback comes from this genuine desire to help others."

Excerpt from Bloomberg -- "'There are two main reasons for tech companies to lose money early to make money later, and neither of them apply to Uber.' ... 'Ride sharing has grown faster, gone to more places and is used by more people than most people thought it would be able to, even a couple of years ago. The pace of growth is also picking up.'"

Excerpt from The Washington Post -- "'I think central banks have to be very careful not to overreach,' said Peter Blair Henry, dean of New York University’s Stern School of Business. 'Central banks are really very limited.'"

Excerpt from the Financial Times -- "We expect so much from our central bankers because monetary policies has really run, in many ways, its course. Monetary policy has been really competent and needs to continue to be competent. But it's too much to think that monetary policy can fight a liftoff in growth at this point and time. That really has to come from real side reforms that our lawmakers, both here in the United States and abroad, need to do."